Income Statement Balance Sheet 2. Assume York Corp. (above) pays out half of the net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements and determine the external financing needed. Sales $36,000 Cost of Goods 29,800 Net Income 6,200 Assets 26,400 Debt 6,300 Equity 20,100 Total Assets 26,400 Total Liabs & Equity 26,400